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Super Micro Computer (SMCI) Surpasses Market Returns: Some Facts Worth Knowing
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Super Micro Computer (SMCI - Free Report) ended the recent trading session at $32.10, demonstrating a +1.49% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.41%. Meanwhile, the Dow experienced a drop of 0.07%, and the technology-dominated Nasdaq saw an increase of 1.11%.
The server technology company's shares have seen a decrease of 19.08% over the last month, not keeping up with the Computer and Technology sector's loss of 0.92% and the S&P 500's gain of 1.46%.
Investors will be eagerly watching for the performance of Super Micro Computer in its upcoming earnings disclosure. In that report, analysts expect Super Micro Computer to post earnings of $1.06 per share. This would mark year-over-year growth of 202.86%. Alongside, our most recent consensus estimate is anticipating revenue of $14.81 billion, indicating a 195.13% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.37 per share and a revenue of $67.01 billion, indicating changes of +20.39% and +71.55%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Super Micro Computer. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Super Micro Computer holds a Zacks Rank of #4 (Sell).
In terms of valuation, Super Micro Computer is currently trading at a Forward P/E ratio of 7.24. This signifies a discount in comparison to the average Forward P/E of 11.21 for its industry.
Investors should also note that SMCI has a PEG ratio of 0.55 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. SMCI's industry had an average PEG ratio of 1.38 as of yesterday's close.
The Computer- Storage Devices industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 25, positioning it in the top 11% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Super Micro Computer (SMCI) Surpasses Market Returns: Some Facts Worth Knowing
Super Micro Computer (SMCI - Free Report) ended the recent trading session at $32.10, demonstrating a +1.49% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.41%. Meanwhile, the Dow experienced a drop of 0.07%, and the technology-dominated Nasdaq saw an increase of 1.11%.
The server technology company's shares have seen a decrease of 19.08% over the last month, not keeping up with the Computer and Technology sector's loss of 0.92% and the S&P 500's gain of 1.46%.
Investors will be eagerly watching for the performance of Super Micro Computer in its upcoming earnings disclosure. In that report, analysts expect Super Micro Computer to post earnings of $1.06 per share. This would mark year-over-year growth of 202.86%. Alongside, our most recent consensus estimate is anticipating revenue of $14.81 billion, indicating a 195.13% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.37 per share and a revenue of $67.01 billion, indicating changes of +20.39% and +71.55%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Super Micro Computer. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Super Micro Computer holds a Zacks Rank of #4 (Sell).
In terms of valuation, Super Micro Computer is currently trading at a Forward P/E ratio of 7.24. This signifies a discount in comparison to the average Forward P/E of 11.21 for its industry.
Investors should also note that SMCI has a PEG ratio of 0.55 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. SMCI's industry had an average PEG ratio of 1.38 as of yesterday's close.
The Computer- Storage Devices industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 25, positioning it in the top 11% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.